if the hong kong government says this one is illegal, why is it still doing business? we do not know why. reporter: the problem is so bad, residents have protested at city hall. they re unhappy about the number of funeral shops in their neighborhoods. in chinese culture, people don t like to live close to anything associated with the dead. the government has plans to build 41,000 more public initials for burial urns but won t be built for at least another two years. in the meantime, residents like andy ting are uncertain if they can find a final resting place for their loved ones. pauline chiou, cnn, long congress. coming up here on world business today, former british prime minister margaret thatcher inspired both hatred and admiration. now she s inspired a film. just ahead, a preview and a look at the lasting impact of her often controversial leadership. stay with cnn. tylenol: sure. don t you? tylenol (another bottle): hmmm.no.
they had good reason to do so. internally and externally, actually. mrs. thatcher had a well-deserved reputation for being a stubborn and determined leader. she was intent on getting her way. her uncompromising style gave rise to the slightly sexist term, i think, handbaging. that refers to the way in which she carried a large handbag and perhaps more fittingly, she bludgeoned her political colleagues. she bludgeoned ronald reagan. i think they always got along pretty well. she was the first female prime minister having entered the male-dominated house of commons as an outsider, certainly within the conservative party. her origins were more humble than those of her colleagues on the conservative benches when she joined the members of the house of commons, she became a chemist, studied at oxford and
world salutes you. reporter: thatcherism was joined with reaganomics, the goal of cutting taxes and government spending. those spending along with deficits ro he s in the u.s. during reagan s time. what was thatcher s economic legacy to her supporters? the test of our success was when labor finally did come back into office in 1997, 18 years on, they didn t reverse any one of our policies. they ve all been accepted as part of what was necessary to create a prosperous economy. reporter: that was, of course, before the recent economic crisis. and calls for some industries to be re-regulated. and perhaps a rethink on how thatcherism impacted the british economy. jim boulden, cnn, london. britain is certainly going to be in focus in the year 2012 because it is an olympic year, it s being hosted in london. as you d expect there s plenty
became a barrister before entering politics, andrew. certainly a huge character. i remember growing up in australia and we watched margaret thatcher s antics and rise with interest. she was such a global figure. her controversial economic policies, though, are probably the ones that she ll be best remembered for in the u.s. under ronald reagan, deregulation and shifting the balance of power from workers to business, took the form of reaganomics it was known in the uk. similar policies, in part thatcherism. it is relevant today to supporters and critics alike. jim boulden has more. reporter: margaret thatcher swept into office in 1979 with the promise of transforming the british economy. a promise she most certainly fulfilled. where there is discord may we bring harmony. where there s error, may we bring truth. where there is doubt, may we
january 5th european investors are on edge as greece sounds the alarm and france faces a big test on the bond markets. after remaining for four months can yahoo! regain direction with a new man at the helm? also ahead honorable gentleman could perhaps aten more closely to what i m saying. rather than how i am saying it. he may receive a valuable education in spite of himself. as the iron lady debuts in london, we chart margaret thatcher s lasting economic legacy. the word on the world stock market is not particularly cheerful this thursday. exchanges in asia, mostly down after closing a short while ago. in europe, things aren t getting off to much of a start either. let s get straight to the numbers.